fbpx

The Vatican’s Confused Statement on the Marketplace

This past monday, the Vatican’s Justice and Peace Department issued a statement condemning “idolatry of the market” and calling for a new world economic authority to manage crises in a more “fair” manner.

To me, it seems ironic to me that they would criticize “neo-liberal thinking” of trying to implement “technical solutions” to economic problems, then essentially propose a new central bank. I can’t think of anything more “technical” than forming a new state apparatus that has monopoly power over money itself. If anything, the statement shows a profound confusion about the nature of economic problems in the world and what must be done to solve them.

Tom Woods has been very busy these past few days writing response articles to this statement, and they are worth reading (especially if you’re not particularly familiar with the internals of the Catholic Church). Here are the links:

Idolatry of the Market at LewRockwell.com

Truth and Charity at Taki’s Magazine

Don’t Mix the Ecclesiastical with the Economical at NPR

LCI posts articles representing a broad range of views from authors who identify as both Christian and libertarian. Of course, not everyone will agree with every article, and not every article represents an official position from LCI. Please direct any inquiries regarding the specifics of the article to the author. 

Interested in Contributing? 

LCI accepts guest submissions by high-quality writers. If you are interested in submitting a guest post, click here to send us mail.

Don't Miss an Article! Sign up Today!

Whenever there’s a new article, you’ll get an email once a day! 

*by signing up, you also agree to get weekly updates to our newsletter

Headline

Never Miss A Story

Get our Weekly recap with the latest news, articles and resources.

Think you know Romans 13?

Sign up for our Romans 13 Toolkit to learn how a libertarian Christian understands Romans 13.*

*by signing up, you also agree to get weekly updates to our newsletter

Current Events Analyzed by Libertarian Christians